YEREVAN. – Several major businessmen and philanthropists, whose names will be announced in the near future, have expressed their willingness to participate in the posting of Robert Kocharyan's bail. Viktor Soghomonyan, head of the office of the second president of Armenia, noted about this in a statement.

In particular, the statement notes that the Criminal Court of Appeal on Thursday made a decision to commute Kocharyan's precautionary measure of custody with a 2bn dram bail (approx. USD 4,167,274).

As per Soghomonyan, this is an unprecedented large amount of money that has never been used as bail in Armenia, and there are only two days to post this bail.

As per the head of Kocharyan’s office, immediately after the aforesaid verdict was announced, they had received numerous phone calls from hundreds of individuals, including several major businessmen and philanthropists, expressing their willingness to help post this bail.

"I am confident that what happened is only the first step towards the restoration of justice," Viktor Soghomonyan concluded.